[ferro-alloys.com]U.S would slap tariff on Chinese exported goods soon, and the traders felt worried in the market. All kinds of future metel prices went down. By the end of the trading, LME nickle was quoted at 14140USD/T yesterday. It was declined further. In the morining, the Shanghai future nickle was affected. All kinds of future nickle prices went down in Shanghai Future Exchange. Compared to Wuxi 1807 contract, the premium of Russian nickle was 100RMB/T, and the premium of Jinchuan nickle was 400RMB/T.Today, Jinchuan quoted its electrolytic nickle at 112800RMB/T. It was 1500RMB/T lower than the price yesterday. The mainstream price was 111850-112350RMB/T.

Influenced by the declining of LME nickle price, many kinds of stainless steel products prices went down. The output of high grade ferronickle has not been in normal level.The supply was still insufficient. Besides, the inventory of ferronickle was being decreased. So, the price of ferronickle would be kept in a high level.It could be proved by increased bidding price of ZPSS this week.Today, high grade ferronickle was quoted at 1080-1100RMB/Nickle, and the price of low grade ferronickle was 3400-3450RMB/T.

• [Editor:王可]